After becoming a validator on Fetch.ai’s decentralized blockchain, Deutsche Telekom set its sights on expanding Web3. In continuation with its current crypto-based initiatives, Deutsche Telekom has declared its intention to begin Bitcoin mining. Since 2023, the telecom company has operated Bitcoin nodes, and they are now running Bitcoin Lightning Network
June 16, 2024 2 mins read
With the launch of the Polygon Governance Hub, Ethereum Layer 2 Polygon has made a significant stride in enhancing community ownership and governance. The Aragon Project, a well-known DAO developer, developed the Polygon Community’s governance hub. A community-driven hub and protocol governance contracts makeup Aragon Project’s end-to-end governance solution, according
June 14, 2024 2 mins read
The Pyth Network maintains its goal of providing global smart contract developers with access to financial data. In keeping with this perspective, the Oracle Network has introduced the GMCI 30 Index Price Feed, which gives more than 60 blockchain ecosystems access to the GMCI crypto market price index, also known
June 13, 2024 3 mins read
The NFT sector has lagged behind the rest of the cryptocurrency industry, which has been quite exciting so far this year. The amount of Ethereum NFT marketplace transactions has been falling every month since January, and it was already much lower in January compared to the billions of dollars moved
June 12, 2024 2 mins read
Following a surprising dip in US inflation numbers, the crypto market rebounded. As the Consumer Price Index (CPI) for May revealed inflation cooling quicker than anticipated, Bitcoin surged over 5%. CPI remained steady month-on-month and came in at 3.3% year-on-year, both of which were 0.1% lower than expected. U.S. Bureau
June 12, 2024 1 min read
Vitalik Buterin is praising the successes of Ethereum’s Layer 2 protocols in light of the recent Optimism (OP) milestone. As per OP Labs’, Ethereum L2 Optimism has now included fault proofs to its smart contracts. As of right now, Optimism is in what the development team calls “Stage 1” of
June 12, 2024 2 mins read
Formerly known as OAK Network, Ava Protocol has announced that $10 million in seed investment has been completed. This includes a $5.5 million initial round and a subsequent $4.5 million seed+ round. The funds will go toward helping Ava Protocol develop an Eigenlayer AVS that is intent-centric and event-driven, enabling private autonomous transactions on
June 11, 2024 3 mins read
SubQuery Network, a provider of Web3 infrastructure, has announced the release of two new RPCs for the Polkadot ecosystem. They’re the first decentralized RPCs on Substrate-based networks, available for Polkadot and Kusama. Nearly 200 networks use web3 infrastructure from SubQuery. The SubQuery Network is a worldwide network of decentralized indexers and RPC
June 11, 2024 1 min read
The popular blockchain-based game Crypto: The Game (CTG) has been acquired by Uniswap Labs. Following the news, the price of the UNI token surged, increasing by 6% on the three-hour price chart. Uniswap Labs COO Mary-Catherine Lader is excited about combining CTG’s interactive on-chain experiences with Uniswap’s products and services.
June 10, 2024 1 min read
The community-driven DeFi platform Jellyverse, which is serving as Balancer’s official representative on the Sei blockchain, has announced the opening of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap. The “JellySwap” DEX, “JellyStake” staking solution, and “jAssets” synthetics protocol are all included in the platform. By introducing DeFi 3.0 via
June 10, 2024 2 mins read
